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Canada Crude Gains on Expectation of Demand Increase at Whiting

Canadian heavy crude strengthened for a second day on speculation that a restart of units at BP Plc’s refinery in Whiting, Indiana, will increase demand for imports..

The 420,000 barrel-a-day Whiting plant will bring units back online during the second quarter and commission a new 102,000-barrel-a-day coking unit in the second half of the year, BP Chief Financial Officer Brian Gilvary said during the company’s earnings conference call April 30.